20 Devin DrIukaMS38852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Iuka at 20 Devin Dr, Iuka, MS, 38852 priced at $279,000 converts $2,626/mo rent into $918/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,626/mo, and annual cash flow totals $11,019/yr on $92,489 invested. Return on cash invested prints 31.82% in year one, and rental yield reads 11.29% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 166.67% and total cumulative return in cash sums $154,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,626/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38852, Iuka, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,926 (100%) |
| Owner Occupied HU | 3,120 (52.6%) |
| Renter Occupied HU | 1,001 (16.9%) |
| Vacant Housing Units | 1,805 (30.5%) |
| Median Home Value | $156,737 |
| Average Home Value | $202,568 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,805
Multi-Family
19
Businesses
410
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Listed by: Brenda Bailey Hamm • Crye-Leike Pickwick Lake
Mls Name: NMMLS
Mls ID: #25-2618